Edward H. Binns, retired MBA/CPA, organized this blog to discuss quiddity as it relates to our daily lives. Founder of the Urban Coyotes mentoring seminars, which deal explicitly with ethical survival, this blog is closed to entries but remains available for comments. NEW TO THIS BLOG? Please go to the August, 2010 postings and read the 149 postings in order! Current news posts are in the DAILY QUIDDITY blog (link on right hand margin).

Time magazine has a list of the 25 men most responsible for the crisis. This list is shaded to reflect, I believe falsely, that the crisis began and remains, essentially, a mortgage crisis abetted by bundling mortgages and derivative instruments on those mortgages. That represents a significant chuck of worldwide derivatives, perhaps 35%. But most of the bets and dangers were placed elsewhere.

This list mistakenly leaves out Senate banking committee chairman Chris Dodd and House banking committee chairman Barney Frank. Clinton's Treasury Secretary, Robert Rubin, is also a key player in the genesis of the crisis. Angelo Mazilo, former CEO of mortgage lender Countrywide, and Bernie Madhoff, a financier and investor, are both properly in jail, having been convicted of fraud charges.

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further information is available by emailing your snail mail address to ed.binns@gmail.com . You will receive a data CD consisting of the dozens of published articles used to develop the video lecture, which itself was a presentation at the conclusion of a "desk audit" of the crisis.